On May 7, Zhejiang Xin'an Chemical Group Co., Ltd. held the 2020 Investor Reception Day event in Xin'an Building, Jiangbin Middle Road, Jiande City, Zhejiang Province. Xu Guanbao, Vice Chairman of Transchem Group, Wu Jianhua, Chairman of the Company, and Wu Yanming, President, etc. Relevant leaders attended the event. At the meeting, the relevant leaders introduced the progress of the company's several key projects: Among them, the 9,000 tons of fumed silica project with an annual output of 9000 tons of Yingxin'an was officially put into operation.
The project started construction on December 10, 2019. It is a joint venture between Xin'an Group and Evonik Degussa (China) Investment Co., Ltd. It is the first fumed silica project of Germany's Evonik in China, and it is also the current domestic The project with the highest share of Chinese companies in the fumed silica market. With a total investment of 470 million yuan, the project is expected to build a production plant area of more than 27,000 square meters with a planned annual output of 9,000 tons to meet the industrial needs of the Chinese market such as silicone rubber, coatings, adhesives, and gel batteries.
The global fumed silica market is dominated by foreign companies such as Cabot, Wacker, Evonik and Tokuyama Chemical. With the rapid growth of China's fumed silica market, three other international giants have deployed joint ventures in China:
1. In 2019, Cabot and Inner Mongolia Hengyecheng Silicone Co., Ltd. jointly established a world-class fumed silica production plant with an annual production capacity of 8,000 tons, of which Cabot holds 80% of the shares. According to reports, Bote Lanxing Chemical (Jiangxi) Co., Ltd. has an annual production capacity of over 20,000 tons of fumed silica and has become the largest world-class fumed silica manufacturer in China. In addition, Cabot has factories in Tianjin and Xingtai to produce fumed silica.
2. As early as 2011, Dow Corning and Wacker Chemical Co., Ltd. completed the expansion of the second phase of the project in Zhangjiagang, so that the rated annual production capacity of the siloxane plant and the fumed silica plant (including the second phase) reached 21 Million tons.
3. Japan's Tokuyama Chemical Co., Ltd. covers an area of 225 acres in Zhapu Economic Development Zone, Jiaxing Port District, Zhejiang Province, with an investment of USD 11.29 million to build a factory, and currently produces 10,000 tons of fumed silica.
The landing of this project invested by Xin'an Group in China also means that the four major global fumed silica giants have settled in China. The start of the new project will help enhance Xin'an Group's industry scale status.